Cost of Living in Wells County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Wells County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wells County ranks #1,509 of 3,142 counties for affordability (top 48%)
Sourced county brief
Wells County Housing Snapshot Reports 23.4 Percent Median Rent Burden
The official rent-to-income percentage (GRAPI) in Wells County is 23.4%, according to ACS table B25071. This is 3.5 percentage points lower than the Indiana unweighted county mean of 26.9%. The median gross rent for the county was estimated at $813 per month, which is below the state unweighted county mean of $911. For those in owner-occupied housing, the median home value is $197,600, a figure $5,701 higher than the state unweighted county mean of $191,899. Median selected monthly owner costs for all units are $901, compared to the state unweighted mean of $951. Renter-household median income was estimated at $41,238. All statistics are sourced from the American Community Survey (ACS) 5-Year Estimates for the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Wells County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.4% of renter household income in Wells County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $813 per month; median selected monthly owner costs are $901. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Wells County's $813 median is 10.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wells County
Rent Burden
13.6%
of gross income
Max Housing (28% Rule)
$1,679
per month
Owner Cost Burden
15.0%
of gross income
You can likely afford the median home in Wells County
Median home value is $197,600. Estimated monthly cost: $1,578 vs. your max of $1,679.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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